Experience Stern | News & Events

Excerpt from Beat the GMAT -- "The Fertitta Veterans Program, believed to be the only program of its kind at a U.S. business school, will begin in summer 2017 for members of the full-time MBA Class of 2019. The uniquely designed summer session will include an early start on selected coursework; career programming with access to corporations and alumni; engagement with veteran alumni mentors; and social activities."

Excerpt from Politico -- "Companies like IBM, Procter & Gamble and Google have relied on futurists to look at the fringe, map trends and build scenarios for the next 10, 20, 30 and even 50 years of their organizations and industries. Because of futures thinking, IBM — a company that was founded before there were cars, let alone computers — is at the forefront of artificial intelligence, modeling the ways in which our work will be augmented by machines."

Excerpt from VoxEU -- "Fiscal adjustments based upon spending cuts are much less costly in terms of short-run output losses than those based upon tax increases. Adjustments based on tax increases are associated with large and prolonged recessions, whether the adjustment starts in a recession or not. The dynamic response of the economy to a consolidation programme does depend on whether it is adopted in a period of economic expansion, but the size of this source of non-linearity is small relative to the effect that depends on whether the consolidation is tax-based or expenditure-based."

Excerpt from Global Trade Magazine -- "The research on the GCI was led by internationally acclaimed globalization expert Pankaj Ghemawat, who highlighted how emerging economies still lag behind on global connectedness. 'Advanced economies are about four times as deeply integrated into international capital flows, five times as much on people flows, and nine times with respect to information flows,' said Ghemawat."

Excerpt from CNNMoney -- "'Trump is not committed to any ideology. He likes to make deals. In that sense, he is a bit like Franklin Roosevelt,' says Sylla. 'Roosevelt just tried a lot of programs and hoped some of them worked.'"

Excerpt from Bloomberg -- "It comes from New York University Stern school professor -- and all around valuation guru -- Aswath Damodaran. I am all too aware that narrative is often used to distract from numbers, but if anyone can walk that line, it is Damodaran. During our Masters in Business conversation, I was impressed with his common sense, down-to-earth method of valuing companies, both private and public -- so much so that, I was compelled to pre-order his newest book."

Excerpt from CoinDesk -- "The 'very general introduction to the structure of payment systems and the potential uses of distributed ledgers', he continued, 'barely mentions any role for the government, other than the need to consider whether new regulations will be required to fit the potential uses of the technology. ... I think the report is a useful reference but hardly a roadmap for how the industry might evolve,' Yermack added."

Excerpt from CBS News -- "'Well, we trust that they will do what they promise to do. I don’t trust that Uber is telling the truth because I believe in Uber’s good intentions,' Sundararajan said. 'I trust that Uber is telling the truth because it would be really damaging to their long run profits if they were caught in a lie on something like this.'"

Excerpt from Voice of America -- "I think that Airbnb is taking a fairly measured approach to building relationships and growing its market in China... I think it's investing very heavily in trying to do things in a way that are tailored to how business works in China, as opposed to going in with a strategy of 'Okay this has worked elsewhere in the world, I'm just going to replicate what I've done in other places."

Excerpt from the Daily Mail -- "Research by Dr Sivanathan and his co-author Nathan Pettit, Assistant Professor of Management and Organisations, NYU Stern School of Business, found purchasing luxury goods on credit is especially attractive to those who have low self-esteem."

Excerpt from The New York Post -- "Indeed, server reliability is something that can, to a large extent, be purchased, notes Vasant Dhar, a professor of data science at NYU’s Stern School of Business. 'It shouldn’t be that much of a big deal to plug and play your systems at this stage of development,' Dhar said."

Excerpt from Just Style -- "Of the 479 factories surveyed by Stern School researchers in 2015, around one-third were informal sub-contractors. On average they employ around 55 workers, often focusing on a single specialised process, such as sewing, washing, dying or printing."

Distinguished academics from around the world will convene to share their research in the rapidly evolving field of network economics at the 2016 NET Institute Conference, held in partnership with NYU Stern’s Center for Global Economy and Business.

Excerpt from Consumer Reports -- "'There’s just something painful about taking money out of your wallet,' says Priya Raghubir, professor of marketing at New York University. When you hand over cash or a check, you part with something of value. Yet after you swipe a credit or debit card, you put the same object back in your wallet. Paying feels less real, which encourages more spending."

Excerpt from BNN -- "Gold fixing was set through, up to a couple of years ago, by 5 banks who private discussed the prices of gold through an auction without any independent oversight by anybody. Not disclosing it to the public they were competitors. And so, this is a setting that is normally not allowed, this type of private information among competitors and they were trading at the same time. So they had the opportunity to know market movement ahead of time. And they also had the opportunity to set the prices themselves."

On December 8, NYU Stern hosted the second installment of the "In Conversation with Mervyn King" series featuring Michael Lewis, best-selling author of Liar's Poker, Moneyball, The Blind Side and Flash Boys, on his new book The Undoing Project: A Friendship that Changed Our Minds. 

Excerpt from Judicial Watch -- "Recent data, cited by David North of the Center for Immigration Studies here and here, suggests that about 56% of EB-5 funds—more than $10 billion—went to the city, mainly Manhattan. Mr. North drilled down into a study by two New York University scholars, Jeanne Calderon and Gary Friedland, who painstakingly compiled data from 52 large EB-5 projects nationwide."

Excerpt from Mashable -- "Services like Uber have strong local network effects, meaning that as they gain traction in New York, they become more valuable in New York. But gaining traction in New York doesn't do too much for consumers in San Francisco or consumers in Los Angeles. And we've also noticed that drivers are able to connect to multiple platforms pretty seamlessly. Most Uber drivers in New York drive for Lyft or drive for Juno, as well. Or drive for Via or drive for one of the many other platforms. So I think it's becoming clear that the economics as things stand today, largely urban areas, cars driven by human drivers, in that scenario, we're not certainly on our path to one dominant platform because of the natural underlying economics."

Excerpt from Yahoo -- "One of the first things [the CFDA Fashion Incubator Program participants] do is spend a semester working with an MBA student from NYU’s Stern School. That’s like having a McKinsey [consultant] working with you. So right away, they’re refining their business strategy and learning to be fiscally responsible, things that aren’t always front-of-mind for creatively focused people."

Excerpt from ABC News -- "Posner told ABC News he believes Bahrain and other countries are using misguided gestures, such as booking the Trump hotel ballroom, to try and build rapport with the next U.S. administration. 'I think a lot of governments around the world that depend on a strong relationship to the United States are trying to figure out in a Trump administration what is it going to take to curry favor?' Posner said."

Excerpt from Bloomberg -- "'The shock we went through was the largest since the Great Depression, and it was worldwide,' NYU’s Schoenholtz said. 'The reality is even short-run forecasts became difficult.'"

Excerpt from Bloomberg -- "We're now all focused on the banks and bailing them out. Surely, that's important. But one of the reasons the banks are in trouble is that Italy has, next to Greece, the poorest economic performance in Europe. The economy's barely growing since 2000."

Excerpt from The Wall Street Journal -- "Historically, stocks have been superior no matter how the bond market has performed. But a concurrent bond bull has aided stocks even more. For instance, during the secular bear market in bonds from 1946 through 1981, the S&P 500 generated a 10.7% annualized return. That turned a stock investment of $10,000 into about $352,000, or roughly 14 times as much as one in 10-year Treasury notes, based on data provided by New York University professor Aswath Damodaran."

NYU Stern's Graduate Finance Association (GFA), Private Equity Club and Investment Management and Research (SIMR) club will co-host a discussion with Professor Aswath Damodaran, Ramesh Ratan, President and CEO of Bell and Howell, and Matthew Levitties, Managing Director of Versa Capital. 

Excerpt from MEL -- "'It’s notoriously hard to identify for a laundry list of reasons,' says Michael North, an assistant professor at New York University’s Stern School of Business. 'One is straightforward: Ageism is the most socially condoned form of derogating someone based on social category.'"